Pound chases dollar. Forecast as of 18.05.2023
When inflation continues to be high, and the central bank is determined to curb it, the risks of a recession might discourage the GBPUSD bulls. Even expectations of a rate hike by 25-50 basis points do not help the pound. Let us discuss the Forex outlook and make up a trading plan.
Weekly fundamental pound forecast
History repeats itself. In the autumn of 2022, the US dollar began to slide down from its 20-year highs when US inflation was very high and the labour market was strong. Investors feared that the Fed, with its aggressive monetary restriction, would go too... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/41HEIdm
